Otter Lake, MI Real Estate

According to census data in the year 2000 there were 179 housing units in Otter Lake. This represents a 2.9% growth from 174 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 179 were located in what is classified as a rural area.

Homeownership rate in Otter Lake is about 71.3%. Otter Lake's vacancy rate, including seasonal lodging, is about 10.6%. Average household size is 2.81 people.

The majority of houses, apartments or condos in Otter Lake were built after 1952.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.40%
Two Bedrooms31.80%
Three Bedrooms49.20%
Four Bedrooms10.60%
Five Bedrooms or more0%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1954
Median Value of occupied units$79,300

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1949
Median Monthly Rent asked for vacant units$342

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan11.20%
Simple Mortgage64.30%
Debt Free20.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%